help to breakdown 15849 = 5000 * {1 - [(1 + 10%)] -4} /10% ...

hello guys,

another problem here which require your explanation here... I dont see how that formula before will obtain 15,849, i'm not too sure if the texbook meant 50,000 and not 5000. thanks in advance for your help...

Re: help to breakdown 15849 = 5000 * {1 - [(1 + 10%)] -4} /10% ...

Originally Posted by schia

hello guys,

another problem here which require your explanation here... I dont see how that formula before will obtain 15,849, i'm not too sure if the texbook meant 50,000 and not 5000. thanks in advance for your help...